(Carl Cronan is editor of Real EstateFlorida.)
JACKSONVILLE, FL-Regency Centers has turned the valves on anoutdoor water conservation initiative at 36 retail propertiesacross the country, installing high-efficiency "smart" irrigationcontrollers. The majority of systems will be installed at itsshopping centers in California, with others being placed inColorado, Oregon, Arizona and Washington.
"Combined, we anticipate that we'll save more than 42 milliongallons of water per year, which will result in significant costsavings to our company and our tenants," says Mark Peternell, vicepresident of sustainability for Jacksonville-based Regency Centers.He notes that the new irrigation controllers tap local weather datato adjust water amount, timing and duration, thereby reducingover-watering and runoff.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
